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Gold prices fell more than 1% on Monday as concerns eased that major economies could tip into recession, boosting investors’ affinity for risk and detracted from bullion’s safe-haven allure. Spot gold was down 1% at $1,498.35 per ounce, while U.S. gold futures fell 0.97% to $1,508.7. “There has been some pullback in terms of the
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In a recently published statement, the Irish government said that British Prime Minister Boris Johnson and Irish Prime Minister Leo Varadkar spoke on the phone for almost an hour Monday, during which Varadkar reiterated that the EU’s position was that the Withdrawal Agreement could not be reopened. “PM Johnson indicated Brexit deal in current form will
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EUR/CHF is the big mover The euro is the top performer today on fiscal stimulus talk. Even with that, it’s only narrowly ahead of the US dollar, Aussie and yen. The general theme in the FX market today is … nothingness. There are some decent moves in stocks, bonds and even in gold but the
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Equities move higher Friday’s positive mood on Wall Street continued in morning trade in Asia, with US indices gaining between 0.49% and 0.59%. The outperformer of the day was the HonkKong33 index, which rallied 1.8% after the ongoing weekend anti-government protests, now in its 11th week, passed off peacefully for the first time in a
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HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do
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Analysts at Nomura expect the Reserve Bank of Australia (RBA) to cut rates by 25 basis points in November 2019 and February 2020 and put the probability of the central bank starting a quantitative easing program at 40%. The RBA said earlier this month that zero interest rates and quantitative easing are unlikely to be
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Prepared by Jeff Halley, Senior Market Analyst A quiet weekend The weekend was blissfully quiet on the news front with even the Hong Kong protests passing without much incident. Hong Kong incidentally, will be the focus for other reasons this afternoon as it releases unemployment data at 16:30 Singapore time (SGT). It is unlikely the
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Daily Markets Broadcast 2019-08-19 Wall Street gains on trade talk progress Wall Street stocks advanced on Friday amid reports of “good” talks between the US and China. Oil prices rebound but the weak demand outlook tempers gains. Markets are now looking forward to the annual Jackson Hole symposium, which starts on Thursday. US30USD Daily Chart
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Real estate investment trusts (REITs) are great potential fits for any modern retirement portfolio. With interest rates ticking down from 2% to 1% and, perhaps, eventually 0%, these generous dividend payers are benefitting big time. REIT stocks tend to yield twice as much as regular ol’ stocks. They collect rent and pay it directly to
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